Agreed. Further, how much would that $20 purchase net you over an invested lifet... | Hacker News

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read_wharf on March 27, 2012 | parent | context | favorite | on: How many hours of work does that purchase cost?

Agreed.

Further, how much would that $20 purchase net you over an invested lifetime, at whatever reasonable rate of return you care to estimate with?

Further, if you buy it with a credit card that you never pay off (so common), how much more are you really paying with essentially a lifetime of credit card interest? And how much would that net you over an invested lifetime?

bunderbunder on March 27, 2012 [–]

how much would that $20 purchase net you over an invested lifetime

$27

(Assumptions: You save it at age 20, it grows at 5%, and you spend it when you're 80.)

sparky on March 27, 2012 | | [–]

$373.58? $27 assumes a 0.5% return.

bunderbunder on March 27, 2012 | | | [–]

Ugh, you're right. That was embarrassing.

tomjen3 on March 27, 2012 | | [–]

Where do you get a five percent return on investment?

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